Which is right for you and your family?
Joint Revocable Living Trust
For married couples only; generally fist time marriages; longterm marriages; lots of joint property; and a common distribution plan.
Even in the event that the marriage isn't longterm this is a good option. Anything we do with a Revocable Living Trust can be undone.
Individual Revocable Living Trust
Unmarried individuals, 2nd, 3rd, or 4th marriages; his, mine and ours children; lots of separate property; and vastly different distribution plans.
This is also a good option for those married couple that keep separate bank accounts. For the property that is joint, we can put half in each individual trust (not the best option in every case, but it can be a good option sometimes).